79North Inc. has arranged to borrow money from certain shareholders including $5,000 from President and CEO Jon North, for a total, in aggregate, of $47,500 which funds will be used to settle invoices with certain contractors of the Company. The loans are being made on an unsecured basis and are evidenced by demand promissory notes . The Notes bear [...]
79North Inc. is pleased to report that with respect to the recently announced acquisition of 100% interest in the Caribou Project, Ontario, near Armstrong, Ontario , the Company has entered into a Memorandum of Understanding for initial exploration of the project with the Whitesand First Nation. The claims of the project are within the traditional [...]
79North Inc. is pleased to announce it has acquired 100% interest in two claim blocks with a total area of 980 hectares in the area of the Seymour and Crescent Lake pegmatite groups in northern Ontario. The claims are approximately 25 kilometres northeast of the town of Armstrong which is 250 kilometres north of Thunder Bay and accessible by paved [...]
79North Inc. announces that it has accepted the resignation of Oscar Louzada from the Board of Directors of the Company. Mr. Louzada was appointed to the Board of Directors in April 1, 2021. The board is actively engaged in identifying and evaluating alternatives with respect to the appointment of a new independent director to fill the vacancy left [...]
79North Inc. wishes to inform shareholders that the annual meeting of the shareholders scheduled for May 31, 2023 at 10:00 a.m. was adjourned and has been rescheduled on June 21, 2023 at 10:00 a.m. due to the quorum of 25% not being met. The meeting will resume on June 21, 2023 at 10:00 a.m. About 79North Inc. 79North is led by a team with [...]
79North Inc. wishes to provide an update to shareholders since the last press release October 24, 2022, of drilling results from the Nassau gold project, Suriname. The Company continues to review and assess drilling results from the Nassau gold project that included a drilling intersection of 0.57 grams gold per tonne over 13.50 metres, among [...]
79North Inc. is pleased to report the results of sixteen diamond drill holes, totalling 1,477 metres of drilling, at the Nassau Gold Project, Suriname. The results of the first five drill holes were previously reported June 27, 2022. The drill holes tested a 1 kilometre strike length of the Witlage Gold Zone . The best drilling intersection was in [...]
79North Inc. is pleased to announce that it has completed a first tranche of the non-brokered private announced by the Company on June 29, 2021. The first tranche of the Offering consists of 11,200,000 units of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $560,000. Each Unit consists of one common share of the Company [...]
79North is pleased to announce a non-brokered private placement of up to 14,000,000 units of the Company at a price of $0.05 per Unit for aggregate gross proceeds of up to $700,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase [...]
79North Inc. is pleased to report the results of the first five drill holes of the Phase 2 drilling program of the Nassau gold project, Suriname, with hole NP-22-05 cutting multiple zones of gold mineralization on the Witlage gold zone including 2.2 metres grading 2.00 grams tonne gold. It is anticipated that approximately 20 drill holes in total [...]
79North Inc. is pleased to report that it has discovered two new gold occurrences in the Witlage area of the Nassau gold project. The newly discovered 6 occurrence is 900 metres south of the Witlage shear zone and consists of a quartz vein stockwork in argillite with samples containing up to 7.39 grams gold per tonne. The newly discovered Marinara [...]
79North Inc. is pleased to report that it has discovered a new gold occurrence (the “Ziti” Occurrence) with surface samples containing up to 15.51 grams gold per tonne in a structural corridor that has a strike length of at least 600 metres. The new gold occurrence will be tested with approximately four drill holes as part of the ongoing Phase 2 [...]